The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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The poverty quibble-Latha Jishnu
-Down to Earth Government claims a huge drop in poverty numbers but critical indicators-health, malnutrition and wages-continue to be grim. So how did the poor fare better? After a long, long time there was good news to splash as media led with the report of a record 21.9 per cent drop in poverty levels. The July 24 newspaper headlines were celebratory as they reported the Planning Commission's findings that poverty rates...
More »Facing flak, govt to revise poverty line benchmark
-The Times of India NEW DELHI: The government will soon revise the contentious poverty line upward from Rs 27.20 in rural areas and Rs 33.40 in urban areas after it receives the report of the Rangarajan committee that is examining the validity of the current yardstick. Minister of state for planning Rajeev Shukla told TOI the government was in the process of re-evaluating the poverty line in a bid to make it...
More »Bihar lowers wage under MGNREGA -Jitendra and Alok Gupta
-Down to Earth State blames poor financial condition for the move The Bihar government has defended its recent move to lower its minimum wage rate offered to unskilled labourers, saying the state is in poor financial condition. Bihar has lowered its wage rate offered under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) from Rs 144 to Rs 135, while the state minimum wage is Rs 168. This is despite the...
More »NREGA wage gap
-The Telegraph Labour payments under NREGA will continue to be less than minimum wages for agricultural labourers in four states, including Bengal, despite a recent rate revision in the rural job scheme. Rural development minister Jairam Ramesh today tabled a statement in the Rajya Sabha on the revised wages that will take effect from next month. Under the new NREGA rates, labourers in all states stand to gain, except those in Kerala, Bengal,...
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